After meeting PM Modi, Amazon CEO Andy Jassy plans to invest $48 B in India by 2030
Following a meeting between Prime Minister Narendra Modi and CEO Andy Jassy, multinational technology giant Amazon announced plans to invest $48 billion in India between 2026 and 2030.
In order to grow the company’s cloud infrastructure and artificial intelligence in India by 2030, an additional $13 billion is included in the investment.
The most recent pledge, which highlights Amazon’s long-term focus on India as a crucial market for digital infrastructure, cloud computing, and artificial intelligence, was made around six months after the company revealed plans to invest $35 billion in the nation.
Amazon is also using Amazon Now to further its rapid commerce drive. The business intends to create a network of 1,000 micro fulfillment centers and extend the service to 300 locations.
With businesses quickly expanding their offerings beyond grocery to areas like electronics, beauty, fashion, and household goods through nearly fast delivery, the development coincides with the intensifying competition in quick commerce.
